Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells $721,250.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider owned 212,842 shares in the company, valued at $6,140,491.70. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dorian LPG Price Performance

LPG stock opened at $27.53 on Friday. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $32.79. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 12.34 and a beta of 0.59. The business has a fifty day moving average of $25.63 and a two-hundred day moving average of $28.10.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). The business had revenue of $124.06 million for the quarter, compared to analysts’ expectations of $126.99 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The business’s revenue for the quarter was up 50.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.65 per share. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Monday, November 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new stake in Dorian LPG during the 2nd quarter worth about $29,000. Evermay Wealth Management LLC acquired a new position in shares of Dorian LPG during the second quarter worth about $32,000. NewEdge Advisors LLC grew its position in shares of Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after buying an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after buying an additional 1,340 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Dorian LPG in the third quarter valued at approximately $41,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LPG has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.